Philip Morris International Inc. (NYSE:PM) shares are trading higher after the company reported better-than-expected second-quarter FY24 earnings and raised the adjusted EPS outlook. The company reported second-quarter growth of 5.6% year-on-year to $9.468 billion, beating the analyst consensus estimate of $9.183 billion. The smoke-free business accounted for 38.1% of the company’s total net revenues, up by 2.7pp versus second-quarter last year. Cigarette and Heated Tobacco unit (HTU) shipment volume in second-quarter grew by 2.5% Y/Y, reflecting growth of 13.1% and 0.4% for HTUs and cigarettes respectively. Adjusted ...